Looking to balance out your exposure to PHUN? The ETFs below have the lowest correlation with PHUN — they tend to move on their own, which can help reduce risk when PHUN drops. The stock ideas table highlights individual companies that behave independently from PHUN.
No Diversifiers Found for PHUN
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHUN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHUN and solid risk/return profiles. The least correlated is Riot Blockchain, Inc. (RIOT) (Technology) with a 1Y correlation of 0.50, up from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Riot Blockchain, Inc. | 0.50 | 0.34 | 0.38 | 86 | Technology |
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